Chart of the day: what is NFLX price action telling us? by AdamHGrimes | Jun 15, 2017 | Chart of the Day | 6 comments Share this:TweetShare on TumblrWhatsAppEmailMorePocketTelegramPrint Related Al3cs Looks like a good opportunity for a pullback trade as you defined in the course. We had the signal, waiting for the entry. Danny Boy I’d like to suggest maybe an Anti? Due to the long buying power for so long and a sudden change in market price action. The rally at the end to pick up prices again may be a great time to place a short trade. Al3cs https://uploads.disquscdn.com/images/bb899dc3906d16504c0f2a856e71d8ffe96030d2db26bf09264cd1075c45fe0e.png I’m in alert mode for the hook on MACD signal Jochen Irdoj75 If you have work with a proven profitable system that requires the hook to happen as core part of your entries, then disregard my opinion please. The MACD is simply a mathematical/visual help derived from the original price action. You may want to consider what needs to happen to see the hook. 1) For today, 23-Jun close needs to be around 149 or below, which would be a (2) or worse sigma spike. In other words, to wait for the hook today would leave you out of the potential initial move limiting your profit potential. (there is also a good argument that you’d want to wait anyway for a drop below 149 which is roughly the horizontal support, I personally would look at the 2 or 3 day low here) 2) If 1) does not happen today there is a high likelyhood that the hook happens tomorrow when e.g. prices even rise to 156. What I try to say is that the hook itself for me is helpful in hindsight analysis, but in this specific realtime case I’d not pay too much attention to it. You may be either late or sucked in w/o confirming price action. Al3cs I perfectly agree with you. I’m a Price Action trader who’s trying to add new tools to the bag. What I see now is a wedge: if it breaks up I will check for the anti, if it breaks down I will wait for measured move down. I’m surely checking H1 and lower timeframes for tighter stop. Pingback: Stock Exchange: Can Psychology Be Applied To Market Behavior? – Seeking Alpha | InvestingLab.com() Pingback: Stock Exchange: Can Psychology Be Applied To Market Behavior? – Seeking Alpha – The Conservative Investor Daily() Pingback: The Psychology of the Market - TradingGods.net() Pingback: Stock Exchange: Can Psychology Be Applied To Market Behavior? - Seeking Alpha | Bible Prophecy In The Daily Headlines() Slammer The snap back might be on now?